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Opalesque Roundtable Series - Australia 2010

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If Australia isn't on your watch list yet, that may soon prove to be an error.

With 9% of every person’s salary in Australia getting invested into a registered superannuation (pension) fund, the country has created one of the fastest growing asset pools worldwide. With A$1.2 trillion (US$1.1 trillion), the Aussie pension fund industry is now the world's fifth largest and continues to grow dramatically.

Australia has very mature wholesale and retail markets, which both offer unique opportunities for local and global hedge funds. But: you need to be aware of the rules and the set up of those markets. Beyond wholesale and retail, this Roundtable also explains how to access a third rapidly growing asset pool, the so-called mezzanine market which is managed by the local dealer groups.

One of the most stunning aspects of the Australian pension fund industry has been the ascent of the Self-Managed Super Funds, where the individual is managing his pension assets himself as a self-directed investor. At the smaller end, a Self-Managed Super Funds may have only $250,000 in assets, through to many millions at the high end. Within just five years, over one third of all superannuation assets have been moved into the 400,000 self-managed super funds.

The domestic Australian hedge fund industry has traditionally been a strong performer and was also able to protect the downside in the crisis of 2008, where the average Australian hedge fund lost 17.74% against the ASX which fell over 40%. At the same time, depending which database you look at, the global industry fell somewhere between 17% and 21%. In addition, 25% of the 200 plus managers in the Australian Fund Monitors database produced positive returns, and over 90% of them outperformed the ASX200.

Hear from some of the leading Australian hedge funds what opportunities they see for their funds and strategies going forward, how these institutional Superannuation Funds actually select their hedge funds, and what excites seeders who work exclusively with Australian funds.

The 2010 Opalesque Australia Roundtable was sponsored by Australian Fund Monitors Pty Ltd. We also thank Chris Gosselin from Australian Fund Monitors for helping us put the group together, UBS Sydney for providing the beautiful meeting venue, and Custom House Group and Taussig Capital as our 2010 Roundtable Series sponsors.

Roundtable participants:

  • Bruce Tomlinson, Portfolio Manager, Sunsuper Superannuation Fund
  • Adrian Redlich, Chief Investment Officer, Merricks Capital
  • Chris Gosselin, Founder, Australian Fund Monitors
  • Dominic McCormick, Chief Investment Officer, Select Asset Management
  • John Corr, Founder, Fortitude Capital
  • Larry Simon, Co-Founder, Lazorne Group
  • Nelson Lam, Head of Investments, Ascalon Capital Managers
Enjoy the read!

Matthias Knab
Director Opalesque Ltd.

Access the Opalesque Roundtable Series - Australia 2010 | Download here

The Opalesque Roundtable Series offers unparalleled intelligence on the most important global hedge fund jurisdictions and their players. The Roundtable Series is a free publication from Opalesque and is continually updated. Please scroll down to view the full selection of our Roundtables - covering the globe!

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